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FFR 227 - Elder Fraud

Identification and Prevention

Article by Glenn Gray

Photography by Glenn Gray

Watch this week's Financial Flash Report.
Everyone has a loved one that you fear could be subjected to a phone scam. The fact is that successful scams are on the rise and the average loss is around $34,000 per scam. For people on a fixed income, that's a whopping amount! Technology has made it harder and harder to detect the real from the fake. Voice cloning, AI imaging and easy data availability give the feeling that a caller might actually be someone who knows you. This important topic is why we wanted to cover it in this week's Financial Flash Report. Tina helps to identify the scams and let you know what we at Stiles Financial Services do for our clients that adds an additional layer of security. We also supply a list of websites and phone numbers to keep bookmarked in case you feel like you or a loved one has been duped by a scam. There are important steps to take and time is of the essence.
Stay aware. Stay connected. And stay educated. The more we know, the better we can all be prepared to keep our loved ones safe and financially secure. Have a great weekend.

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